HDFC Life Credit Manager Salaries by 4 Employees (Updated 2025)

0 - 9 years exp.

₹4.2 Lakhs - ₹9.5 Lakhs

Low Confidence

Salary of majority employees

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18% less than the average Credit Manager Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

Finance & Accounting Credit Manager Salary 8 years exp. (AmbitionBox Estimate)	Unlock ₹3.8 L/yr - ₹4.6 L/yr
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Legal & Regulatory Credit Manager Salary 9 years exp. (AmbitionBox Estimate)	Unlock ₹3.8 L/yr - ₹4.6 L/yr

Last Updated: 28 Dec 2024

Companies similar to HDFC Life for Credit Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Credit Manager Salary 0 - 2 years exp. (3 salaries)	Unlock ₹2.6 L/yr - ₹8 L/yr 15% less
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.3k salaries)	Unlock ₹4 L/yr - ₹17.5 L/yr 57% more
Login to view exact salary
HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.7k salaries)	Unlock ₹3.5 L/yr - ₹14.1 L/yr 33% more	3 job openings
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	Unlock ₹3.8 L/yr - ₹14.5 L/yr 42% more
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (676 salaries)	Unlock ₹3 L/yr - ₹13 L/yr 23% more

Credit Manager salary at HDFC Life ranges between ₹4.2 Lakhs to ₹9.5 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Credit Manager salaries

Last Updated: 28 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹7.7 L/yr - ₹9.8 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹3.8 L/yr - ₹4.8 L/yr
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9 years (AmbitionBox Estimate)	Unlock ₹3.8 L/yr - ₹4.8 L/yr

Similar Designation salaries in HDFC Life

Credit Officer Salary

(AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr

Area Credit Manager Salary

(AmbitionBox Estimate)

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₹13.5 L/yr - ₹17.3 L/yr

Branch Manager Salary

(260 salaries)

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₹5.25 L/yr - ₹12.5 L/yr

Deputy Manager Salary

(731 salaries)

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₹3.5 L/yr - ₹12.14 L/yr

Chief Manager Salary

(217 salaries)

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₹11.1 L/yr - ₹30 L/yr

Credit Analyst Salary

(4 salaries)

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₹9.1 L/yr - ₹18.9 L/yr

Sales Manager Salary

(702 salaries)

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₹1.55 L/yr - ₹7.5 L/yr

Cluster Credit Manager Salary

(AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr

Credit Underwriter Salary

(AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.3 L/yr

Credit Executive Salary

(4 salaries)

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₹2 L/yr - ₹4 L/yr

Salary related reviews for HDFC Life

3.6

Rated by 3 employees for salary & benefits

Senior Associate in Machilipatnam

Full Time

Other Department

4.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

Skill development - Excellent

+2 more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

Promotions - Poor

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

Salary - Bad

+6 more

Sales Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 24 Oct 2023

3.0

for Salary and Benefits

Likes

Already they are top in insurance sector so people know about this company that's good part.

Dislikes

...se that's why they are doing insurance these are the facts they take advantage In small salary package thier expectation is more than crore For a freshers Or 2 years experience not good place to work You have to travel every single day like a horse (on your money) Many more people don't share because they sacred if they share they can't get job because these people leaves and they go to another company so it's like round like earth anyone can meet anywhere In 100 people only will success 2

Skill development - Poor

+5 more

Relationship Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 05 May 2024

2.0

for Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

Salary - Poor

+4 more

Senior Associate in Patna

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 04 Jun 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Low salary structure Unwanted work pressure Dirty politics Zero growth if you're not a politician in the company Non recognition of your good work No incentives even after having huge targets Manual rating system of employees, you will be judged by your amount of buttering not by your performance. Overall very bad work culture

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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HDFC Life Credit Manager Salary FAQs

What is the salary of Credit Manager at HDFC Life?

Credit Manager salary at HDFC Life in India ranges between ₹4.2 Lakhs to ₹9.5 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 18% less than the average Credit Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life India.

How does the salary of a Credit Manager at HDFC Life India compare with the average salary range for this job?

The average salary of a Credit Manager at HDFC Life is 18% less than the average salary of a Credit Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Life to a Credit Manager in India?

ICICI Bank Credit Manager Salary - ₹4.0 Lakhs to ₹17.5 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹3.8 Lakhs to ₹14.5 Lakhs per year
HDFC Bank Credit Manager Salary - ₹3.5 Lakhs to ₹14.1 Lakhs per year
IDFC FIRST Bank Credit Manager Salary - ₹3.0 Lakhs to ₹13.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to HDFC Life in India?

ICICI Prudential Life Insurance Credit Manager Salary - ₹2.6 Lakhs to ₹8.0 Lakhs per year

What is the estimated take home salary of a Credit Manager at HDFC Life in India?

The estimated take-home salary of a Credit Manager at HDFC Life ranges between ₹48,408 per month to ₹49,553 per month in India. The take-home salary calculation is based on the average HDFC Life Credit Manager salary in India which ranges between ₹4.2 Lakhs to ₹9.5 Lakhs per year for employees with less than 1 year of experience to 9 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at HDFC Life?

According to AmbitionBox, 100% of the HDFC Life Credit Managers reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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HDFC Life Credit Manager Salaries

HDFC Life Credit Manager salary in India ranges between ₹4.2 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.